Is my money insured by the FDIC?

Yes, funds deposited at Hudson City Bancorp are insured by the Federal Deposit Insurance Corporation, commonly known as the FDIC. The FDIC provides insurance coverage for deposits made at member banks, which includes Hudson City Bank. Generally, individual accounts are insured up to $250,000 per depositor, per insured bank, for each account ownership category. This insurance safeguards depositors’ money in the event of a bank failure, ensuring that account holders can recover their insured deposits without loss. It is important for individuals to be aware of the limits and the guidelines related to FDIC insurance, especially if they have multiple accounts or types of accounts. For detailed information about FDIC insurance and its coverage, it is advisable to visit the official FDIC website. Additionally, Hudson City Bancorp may provide further details regarding the insurance of your specific accounts on their current web page.